Several major stocks are making headlines in premarket trading, with some experiencing significant losses and others seeing substantial gains. Here’s a rundown of the key movers:
Li Auto fell 2% after JPMorgan downgraded the Chinese electric vehicle company to neutral, citing stiff competition as a reason for caution.
Tapestry, the parent company of The Coach New York and Kate Spade, plummeted over 10% after its full-year outlook missed analysts’ estimates. The company forecast $5.30 to $5.45 per share in earnings, but analysts were expecting $5.49 per share.
Deere, a farm equipment manufacturer, dropped 6% after trimming the top end of its full-year outlook. The company now forecasts net income of $4.75 billion to $5.25 billion, down from its previous forecast of $4.75 billion to $5.50 billion.
Ibotta, a tech company, fell over 34% after second-quarter results missed analysts’ estimates. Ibotta earned 8 cents per share, below the 19 cents per share that analysts surveyed by LSEG estimated.
Coherent, a semiconductor maker, dropped over 19% after its fiscal fourth-quarter non-GAAP operating margin came in at 18.0%, missing the FactSet consensus estimate of 18.2%.
In contrast, Bullish shares surged 14% in extended trading, with the stock soaring over 83% on Wednesday, its first day as a public company.
Kratos Defense and Security Solutions gained about 3% after BTIG upgraded the defense stock to buy, citing potential benefits from wider defense budgets.
Finally, DLocal, a financial technology stock, surged over 23% following better-than-expected second-quarter earnings and revenue. HSBC upgraded DLocal to buy, praising its improved cost controls and new products that could drive revenue.
Source: https://www.cnbc.com/2025/08/14/stocks-making-the-biggest-moves-premarket-li-de-tpr-blsh-and-more.html